As part of the program, companies hire teens and young adults as summer employees.
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The former Duvall's Liquor Store at the corner of Breckinridge and Hancock streets is undergoing a multimillion-dollar renovation.
YouthBuild held a ribbon cutting ceremony on Wednesday for its new student resident on East Breckinridge Street, just three blocks away from the program's main campus.
The money will go towards helping the nonprofit organization expand its services, helping schools increase their capacity to address youth violence.
With the potential loss of donations due to the cancellation of the program, the nonprofit is encouraging people to donate money in other ways.
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But leaders hope the funding is just the start of a marathon toward solving the problem.